Rather eye-catchingly, a recent Barratt Home Buyers study has found that individuals looking to buy a home consider this a greater priority in life than marriage or starting a family.
Whilst we consider this â€˜studyâ€™ a rather sensationalist promotional tool, biased by the fact that survey recipients were home hunters quizzed by a housing company, it is perhaps worth considering what changes might be taking place in public perceptions as well-documented struggles for home ownership continue without an end in sight.
You only want what you canâ€™t have, is a phrase that we believe can be applied to the aforementioned eye-catching statistic from the study. Demand for homeownership has risen perceptibly in young people over the last couple of years, as it has become more of a luxury than the attainable milestone it used to be. A decade ago it took 25 months on average to save a deposit for a new home, whereas it now takes a staggering 64 months , resulting in first time buyer numbers plummeting by 64% in 10 years.
The UKâ€™s economic situation remains challenging and the principles of supply and demand matter now just as much as they ever have. Buying a first home is fast becoming a privilege attained only by a minority, and with this, public perceptions of owning a home may well be transforming and taking on a greater importance.
The House Crowd offers an alternative solution for first-time buyers struggling to raise a deposit for their first home. For as little as Â£1000, our crowdfunding property investment model provides a minimum annual return of 6%, in addition to a share of house sale profits â€“ ideal for growing your deposit in order to take your first step onto the property ladder.
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).